Motor market gears up for new NCD law
Brokers split over effect of new rules on no claims discount protection coming into force on 1 August
A new law requiring brokers to provide detailed information about no claims discount (NCD) protection insurance for private cars used primarily for social domestic and pleasure is causing a lot of work for the motor market.
The law follows an investigation into the supply and acquisition of private motor insurance conducted by the Competition and Markets Authority (CMA) after the issue had been referred to it in September 2012.
Jackie Childs, senior analyst at Polaris, explained: “The CMA came
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